Diamondback Energy Inc

Chart & Performance

D1W1MN

P/E

14.70

P/S

5.49

EPS

10.76

Div Yield, %

3.13%

Shrs. gr., 5y

11.40%

Rev. gr., 5y

31.16%

Revenues

8.41b

-12.77%

Net income

3.14b

-28.34%

CFO

5.92b

-6.40%

Dividend

Aug 15, 20242.34 USD/sh

Earnings

Feb 18, 2025

Profile

Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico. As of December 31, 2021, the company's total acreage position was approximately 524,700 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,788,991 thousand barrels of crude oil equivalent. It also held working interests in 5,289 gross producing wells, as well as royalty interests in 6,455 additional wells. In addition, the company owns mineral interests approximately 930,871 gross acres and 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale; and owns, operates, develops, and acquires midstream infrastructure assets, including 866 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system in the Midland and Delaware Basins of the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.

URL

https://ir.diamondbackenergy.com/

IPO date

Oct 17, 2012

Employees

972

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	8,412,000 -12.77%	9,643,000 41.87%	6,797,000 141.63%
Cost of revenue	3,691,000	3,009,000	2,712,000
Unusual Expense (Income)
NOPBT	4,721,000	6,634,000	4,085,000
NOPBT Margin	56.12%	68.80%	60.10%
Operating Taxes	912,000	1,174,000	631,000
Tax Rate	19.32%	17.70%	15.45%
NOPAT	3,809,000	5,460,000	3,454,000
Net income	3,143,000 -28.34%	4,386,000 101.01%	2,182,000 -146.70%
Dividends	(1,444,000)	(1,572,000)	(312,000)
Dividend yield	5.17%	6.51%	1.63%
Proceeds from repurchase of equity	(935,000)	(31,000)	2,988,000
BB yield	3.35%	0.13%	-15.62%
Debt
Debt current	160,000	10,000	45,000
Long-term debt	6,801,000	6,369,000	6,728,000
Deferred revenue		2,069,000	195,000
Other long-term liabilities	373,000	(1,573,000)	40,000
Net debt	5,850,000	5,656,000	5,506,000
Cash flow
Cash from operating activities	5,920,000	6,325,000	3,944,000
CAPEX	(4,714,000)	(3,505,000)	(2,299,000)
Cash from investing activities	(3,323,000)	(3,330,000)	(1,539,000)
Cash from financing activities	(2,176,000)	(3,503,000)	(1,841,000)
FCF	610,000	2,773,000	(1,399,000)
Balance
Cash	582,000	157,000	654,000
Long term investments	529,000	566,000	613,000
Excess cash	690,400	240,850	927,150
Stockholders' equity	3,288,000	1,477,000	(839,000)
Invested Capital	23,913,600	22,159,150	20,936,000
ROIC	16.53%	25.34%	17.48%
ROCE	17.45%	27.11%	19.06%
EV
Common stock shares outstanding	179,999	176,539	177,359
Price	155.08 13.38%	136.78 26.82%	107.85 122.83%
Market cap	27,914,245 15.60%	24,147,004 26.24%	19,128,168 150.17%
EV	34,569,245	30,484,004	25,791,168
EBITDA	6,467,000	7,978,000	5,360,000
EV/EBITDA	5.35	3.82	4.81
Interest	177,000	159,000	199,000
Interest/NOPBT	3.75%	2.40%	4.87%